Credit Repair To Erase Bad Debt – Magic Or Scam?

Wizard isolated on the wise backgroundThe problem with credit repair is that, too often, it’s illegal.
It’s tempting to think you can control what the world knows about you. Just delete the bad stuff, keep the good stuff, and move on.
At least, that’s what the credit repair industry says to the world.

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Today In Bankruptcy – 01-23-2014

Today-In-Bankruptcy (1)Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for January 23, 2014 Former Texas quarterback Vince Young files for bankruptcy Free Lance-Star publisher files for bankruptcy Martifer Solar USA files for Chapter 11 bankruptcy

IRA Accounts Can Be Protected In Bankruptcy Despite Limitations

6869770873_805c6419bd_oOne reason many consumers overlook the possibility of filing for bankruptcy is fear of losing retirements funds such as an IRA (Individual Retirement Account). While there may be limitations on how much of your retirement funds can be protected, in most cases the funds you have saved can be protected without further questioning.  It is [...]

Junk Debt Buyer Accused of Manufacturing Evidence

Lori Swanson.jpgMinnesota Attorney General Lori Swanson has filed a lawsuit against a junk-debt buyer, Bradstreet & Associates, accusing that firm of charging an inflated interest of 22% on debts for overdrawn bank accounts that may

Do I Have To Go To Court In Chicago If I File Bankruptcy?

Court Is In Chicago If you live in Chicago or any part of Cook County, Illinois and file bankruptcy, then your court date is going to be in downtown Chicago. The court will take place at the Dirksen Federal building which is located at 219 South Dearborn Street in Chicago.

Here’s Why You May Want To Keep Paying The Mortgage After Bankruptcy

Couple moving into a new house
Walk out of bankruptcy debt-free? Maybe, but if you don’t pay the mortgage then you’ll still lose the house.
When you take out a loan to buy real estate, the bank takes a lien out on the property. Fail to pay the mortgage and the bank will foreclose on the lien to take back the property.

Chapter 13 Bankruptcy Attorney States “You Get More Than One Shot”

Filing chapter 13 bankruptcy is not a one-shot deal. You do have the ability to file another chapter 13 bankruptcy case should your first case fail states Chapter 13 bankruptcy attorney David Siegel. No one sets out to fail in bankruptcy.

How Filing For Bankruptcy In Chicago Intersects With Foreclosure

Filing for bankruptcy in Chicago does not mean that you lose your home. You can often maintain your home by making current payments under either chapter 7 bankruptcy or chapter 13 bankruptcy. If you do wish to surrender your home and you have filed chapter 7 bankruptcy, you still have time in your home.

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